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The fiscal cliff is fast approaching — and there’s a relatively simple way for Congress to raise some needed revenues, help the environment and satisfy taxpayers: Ending oil subsidies will help pay down the deficit by making oil companies pay their fair share.
The President has already identified $4 billion in oil subsidies that should be eliminated, but there’s at least an additional $4 billion worth that Congress should also get rid of. This is hardly the time to be throwing taxpayer money at wealthy companies that undermine the environment.